COPAN Systems Raises $3.0M More

Longmont, Colorado-based COPAN Systems, a developer of storage arrays being used for secondary data storage, has raised $3.0M out of a $6.2M funding round, according to a filing from the firm today. Details on the funding have not been announced by the company. The firm has previously raised funding from Westbury Partners, Austin Ventures, Globespan Capital Partners, Firstmark Capital, and Credit Suisse. COPAN's storage arrays use power-managed disk drives to replace tape backup and archiving systems. The filing seems to indicate this is either an A-3 or A-4 funding round. More information »